Flash Briefing: Sarkozy convicted; Bidvest beats estimates; PMI; corruption plan

Flash Briefing: Sarkozy convicted; Bidvest beats estimates; PMI; corruption plan

South Africa’s seasonally-adjusted Absa Purchasing Managers’ Index expanded faster in February compared with January, supported by an increase in new sales and business activity. The index, a gauge of manufacturing activity in Africa’s most industrialised economy, rose to 53 points in February from 50.9 points in January, remaining above the 50-point mark that separates expansion…

Former French President Nicolas Sarkozy found guilty on corruption charges – With insights from The Wall Street Journal

Former French President Nicolas Sarkozy found guilty on corruption charges – With insights from The Wall Street Journal

Nicolas Sarkozy, the former President of France, has been convicted in a corruption trial in Paris. The 66-year old received a three-year prison sentence, two years of which are suspended. The Wall Street Journal reports that the court convicted Sarkozy on ‘charges of influence-peddling and corruption for offering to help a magistrate land a plum position in Monaco in…

Space startup Gitai raises $17.1M to help build the robotic workforce of commercial space

Space startup Gitai raises $17.1M to help build the robotic workforce of commercial space

Japanese space startup Gitai has raised a $17.1 million funding round, a Series B financing for the robotics startup. This new funding will be used for hiring, as well as funding the development and execution of an on-orbit demonstration mission for the company’s robotic technology, which will show its efficacy in performing in-space satellite servicing…